Chainlink (LINK) is poised to become the next cryptocurrency to receive an exchange-traded fund (ETF), according to analysts.

This prediction stems from the significant holdings of LINK tokens by 21Shares, a major ETF provider, which already offers these tokens to institutional investors.

Moreover, 21Shares has integrated Chainlink's Proof of Reserves technology to validate its Bitcoin holdings, indicating a potential use case for LINK in securing ETFs of other cryptocurrencies.

As demand for tokenisation grows, driven by institutions exploring blockchain-based asset tokenisation, Chainlink's role in providing reliable external data feeds could further boost its utility and price.

CEO Sergey Nazarov envisions a future where banks tokenise various assets, expanding the potential applications for Chainlink's oracles and LINK tokens.